Finance Company
Some massive corporations personal finance firms that present clients with loans to buy goods from the big company. Under this arrangement the large entity is called the parent company, and the smaller entity known as a subsidiary, or a captive finance company. Each of the main American automotive producers maintains an affiliation with a captive finance company that finances the loans on the sales of their automobiles. For example, many people who purchase autos from General Motors get hold of their loans from General Motors Acceptance Corporation . The Ford Motor Company owns Ford Motor Credit Company , and Daimler …